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Search Results 0 to 49 of about 169 (some duplicates have been removed)
, everybody. as howard mentioned, a big report about the tax components of the fiscal cliff and what the effects could be on american households. i want to make five basic points that we raised in that study. the fiscal cliff really is big. it would be more than $500 billion in a tax increase. this works out to a tax increase of more than 20%, which is very large. looking at whether this would be the largest tax increase in history. for the average household, that works out to about $3,500. someone who earns around $50,000, it would be somewhere in the neighborhood of $2,000. the second point is it affects virtually everybody. close to 90% of households would see their taxes go up. there are a few folks out there, primarily older seniors and citizens who do not have children who might not be affected, but the vast majority of american households would be affected by going off of the cliff. the first order for business is running through what the effects will be. those of you in the room have a handout that summarizes things. those of you at work and at home should be able to find thi
institute for a discussion on the scheduled tax increases the percent to hit in january, including the end of the bush era taxes, payroll tax holiday hikes and invested in come also. a new tax policies and to report says nothing is done. average marginal tax rates would go up by five percentage points on labor income, seven points on capital gains and more than 20 points on dividends. along with more than a trillion dollars in budget cuts. also starting january or known as the fiscal cliff. it should get under way in just a moment. [inaudible conversations] >> good afternoon, and welcome to the urban institute's first tuesday. my name is howard gleckman of the tax center blocks and we are here to discuss taxes in the fiscal cliff. as you all know, washington lives everything that happens here is the biggest or the worst were the most important. how many times for instance have you been told some politician is about to give the speech of his life until he gives the next speech. the tax armageddon has the potential to actually be a watershed in the fiscal policy. true it could be another opp
of ten year time frame we would manage the cut and spending and tax increases and in investments, we need do all three. we need to tax, cut, and invest in the source of our strength. i think that would have a huge effect. i think americans today feel in many ways like children of two divorced parents. i think it's a pal in the country in a lot of ways. it would be huge. if we got a grand bargain on energy how to exploit the boundary of -- i think the two together would have a huge impact. so the question is how close are we to that? and, you know, i have a saying about the middle east which applies to the american politics. all important politics happens the morning after the morning after. >> when is that? >> here i'm talking about the election. here i think the question really is i don't know how the election is going come out. i make no prediction. i ask myself if romney gets smashed, if he gets smashed, it would -- i happen to think the political problem in the country we have a center left party and we have a far right party. that is a structure problem. the republican party has gone
you're in the position to buy your business, you needed a tax cut then. i want to make sure the plumber, said the nurse, the firefighter, it the teacher, the young entrepreneur who does not have money, i want to give them a tax break now. not only did 98% of small businesses like less than to under $50,000. i also want to give them additional tax breaks because they are the drivers of the economy. >> we need to spread the wealth around. in other words, we're going to take joseph money, give it to signature obama and let him spread the wealth around. the whole premise behind the plans are class warfare, but spread the wealth around. i want small businesses that would receive an increase in their taxes. why would you want to increase anybody's taxes right now? these people are going to create jobs unless you take that money for him and spread the wealth around. i am not going to do that. >> number one, i want to cut taxes for 90 5% of americans. it is sure my friend and supporter warren buffett could afford to pay a low tax. in order to give taxes. then exxon mobil which made
, for that matter, those two. to finance a big across the board tax cut but not tell us how. not what big across the board deductions he'll deny people in order to pay for it or even what taxes he's been paying himself over the years. or how he'll finance all those popular things in the president's health care plan once he kills the plan itself. lots of secrets. secrets because he himself has no earthly idea what the answers are. i'm joined by democratic strategist bob shrum and salon's joan walsh. first, however, we have two new national polls on the presidential race. let's check the "hardball" scoreboard. according to a new "washington post"/abc news poll, president obama has a two-point lead holding there, 49%/47%. same score in the new politico poll. obama by two, 49%/47%. "the new york times" this weekend reported on the two campaigns' ongoing debate preps. here is what they said about romney's prep. quote, mr. romney's team has concluded that the debates are about creating moments and has equipped him with a series of zingers he's memorized and has been practicing on aides since august. b
they don't have enough time to explain how they will change your tax deductions, like your home mortgage tax deduction, in the romney/ryan tax plan. not enough time. they can't even say if you will pay more or less with their tax plan. well, mitt, i'm sure president obama will give you as many of his minutes as you need to explain it all in wednesday night's debate. >> mitt romney needs a great october. >> we know romney needs a great october. >> to change the course of this campaign. >> the final push is on. >> just days away from the first presidential debate. >> both candidates cramming for the first debate. >> everyone trying to lower expectations. >> franticly spinning to lower expectations. >> president obama is an experienced debatetor. >> i'm just okay. >> almost everyone seems to be muting enthusiasm in trying to undersell thvernlths is mitt's first time. >> i don't buy that. >> chris christie is taking a different tack. >> we have a candidate who is going to do extraordinary well on wednesday night. come thursday morning when we get to thursday morning, the entire narrative of
taxes on the middle-class. we have made changes here in the state of nebraska that grows this economy. that is why i am running for the united states senate. they want a change of leadership in washington. we have a senate in washington that hasn't passed a budget, let alone a balanced budget. we can change that. that is why i am running for the united states senate. i want to pass a balanced budget. i'm not your usual politician. obviously i am not one of the good ole boys, and i will make the tough decisions in the united states senate. we'll roll up my sleeves and work hard for you, and i will fight for you. i will fight for all people. thank you. >> thank you. now the opening statement from former nebraska governor and senator bob kerrey. >> i love nebraska. i was born here in lincoln. i went to lincoln northeast high school. i left nebraska, went to war and came home. i recovered from my injuries here in lincoln. i started a business that today employs more than 700 people. i have served you as your governor. we balanced the budget and the economy recovered. i served as a senator
of the unemployed and the poor. that is where a flat tax comes in. it allows attraction of the capital abroad. sam nunn was correct, you have to cut government spending. that has to happen, especially entitlements where you pay people not to work. there are other ways of bringing the debt down. cool ones. for example, how about a federal state, local, tax amnesty program? there are a lot of people in the underground economy that would be brought above ground with amnesty program. i estimate a federal, state and local tax amnesty program would raise about $800 billion in 90 days. you can also sell some assets off. camped person -- camp pendleton is 500 square miles in california. why not sell it? >>neil: my point, when you say it is too big to handle, you are missing the point, you cannot cut $16 trillion debt but you can boom your way from it. we are losing sight and what bill clinton learned in 1993, 1994, if you present a plan that looks credible like you want to reverse the direction, sometimes that creates a boom in and of itself and inspires confidence in the market that has little confidence
out enough in debt, and enough taxes we have made changes that grows this economy, and that is why i am running for the united states senate. to change the want leadership in washington. we can change that. that is why i am running for the senate. i want to pass a balanced budget. i am not your usual politician. i'm not one of the good old boys pay ed i will make this tough decisions in the united states senate. i will roll up my sleeves, work hard for you, and i will fight for you. >> now the opening statement from bob kerrey. >> thank you. i love nebraska. i always have and i always will. i was born here in lincoln. i left nebraska and went to war and came home, and i recovered from illness in the lincoln. i started a business that employed more than 700 people. i served as your governor, balancing our budget, and i left after four years and went back to business. i served as your son that -- as your senator, and again we balance our budget. i am a candidate for congress for the senate because congress needs to change, and i will fight to make that happen. i have never had and neve
is on cbssf.com. warning today of sharply higher taxes and worse unless washington comes up with a sudget deal. on cou think the united states would go back into recession? inthead of the international monetary fund paints a dark oncture. wyatt andrews and anthony mason on today's threats to the recover. thr the first time we'll take you inside this secret u.s. facility. bob orr shows us where they track terror suspects worldwide. and jim axelrod with a young soccer player who's replaced a missing leg with gallantry on the field. >> i just want to be seen as an equal. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening, and we could add happy new year, because this is the first day of the federal government's new fiscal year. but there's not much to celebrate because the nation is headed toward what's being called the fiscal cliff and there are dire new warnings today about what will happen to american families unless congress and the president reach a budget deal by december 31. that is the day that a series of tax cuts will
with tax reform is in d.c. you're our no tax guy and i want to draw your attention to one line in the story today and it will get the deficit reduction reached through revenue raising by an overhaul of the tax code. and is that code for tax increase which senate republicans could agree to? >> it's come to a tax increase, and senate republicans won't agree to it and the head of the ways and means committee in the house of representatives just made it very clear yesterday, there will be no tax increase this year by eliminating deductions or credit. and those politicians-- >> why do you think the times is floating this story? front page, top story of the day, compromise, here it comes on the budget, tax increases. >> for all of 2011 they told us that the simpson bowles gang of six were about any moment now to put in writing some budget deal that would raise revenue, they never say taxes, oddly enough, but raise taxes to get revenue and cut spending some way down the road, maybe they think about it. and that was-- they talked about that all year, and it was never true. when we finally made the
is really clear. we're giving people a clear choice. >> paul ryan was asked about the tax cuts for the millionaires proposed by romney and ryan's budget plans. he was a guest on fox news sunday with chris wallace and the vice presidential candidate made some missteps of his own. >> how much would it cost? >> it's revenue neutral. >> i'm just talking about -- the cut in tax rates. >> the cut in tax rates is lowered for all americans by 20%. it's revenue neutral. >> it's not unless you take away the deductions. we're going to get to that. the first half. lowering the tax rates. does that cost $5 trillion? >> no. >> the master of the power point was having a hard time making a point. let's break down what paul ryan is actually saying here. romney and ryan will give $5 trillion in tax breaks to the wealthiest americans. subtract an unspecified amount of money of unnamed deductions. somehow you're going to get a revenue neutral tax plan. it's a plan so bogus not even a fox news host can understand it. >> you haven't given me the math. >> i don't have the -- it would take me too long
they don't want debates over you're going to rai taxes, you're not, 47% comments said at fund raisers. they want specific actionable items. >> the t-shop owner we spoke to, so frustrated about obamacare. she wanted new proposals put on the table. and it is heartening. these are folks who are undecided because they're taking their time to make up their mind and they're doing it as he had aggravate indicated voters. >> john avlon, thank you very much. >>> next, what should we expect president obama and mitt romney to say tomorrow night? are they going to take the advice of those swinging voters? well, officials from both campaigns, outfront. >>> plus, a lot ridinging on the debates and we're not talking about courting voters. we're talking about money. i mean incredible amounts of money. we'll be back. chevrolet malibu eco. ♪ sophisticated new styling, the fuel-saving intelligence of eassist, 37 mpg highway, and up to 580 highway miles on a single tank of gas. ♪ the all-new 2013 chevrolet malibu eco. ♪ it has everything to put you in the malibu state of mind no matter what state
ads claiming that mitt romney's going to race taxes on the middle class. now, mitt romney has never made that claim. this is coming from a report making all kinds of arguments. and he's made all kinds of assumptions that the romney campaign has rejected. >> he's trying to close a lot of loopholes i know he doesn't want to close in order to make that true. >> also puts harvey rosen, you can also generate enough growth to avoid a middle class tax increase. there are a loft credible folks saying something else. it's a fact he's going to raise middle class tax. >> the obama campaign, david plouffe is a chris christie of the campaign saying their campaign is built on a tripod of lies and the president has said sometimes they just make things up. so it sounds like the democratic side is going to say, hey, liars. >> last i checked, isn't this called politics? you have lying all the time in politics. it is our responsibility to call folks out on it. on my tv 1 show, i have a segment called the biggest damn lie. it's the biggest one each week we hear in politics. >> that's got to be a very t
on c-span2, a look at what happens to individual taxes if the bush era tax cuts expire. former congressional budget office director douglas holtz-eakin and other economists look at the issue. our live coverage from the urban institute here in washington, d.c. starts at noon eastern. >> every generation through our history has worked and sacrificed to leave a better country to their children and grandchildren and future generations. we, we were then spending their money, we are now even more, much more, spending their money, and we are leaving them a mess that will be a very difficult to deal with, and if we are that weak, just think of who wants to come here first and take us over. now, the last thing i ever want to see is to see our country taken over because we're so financially weak we can't do anything. >> uh-huh. >> and we're moving in that direction. we're on the edge of the cliff, and we have got to start fixing it now, otherwise we're leaving a disaster to our children and grandchildren in the future, and we could even lose our country. >> ross perot, interviewed by "us
and mitt romney, specifically on taxes, look at this, the president with an eight-point advantage, 52% to 44%. interesting, republicans ushualy have the upper hand on taxes. >> that's a win so far. >> it's all about the economy and jobs, jobs, jobs. mitt romney with a six-point advantage there. and two of those probably coming up on wednesday night. what do you think? >> the jobs and economy are so segregated in people's minds anyway. wow, fascinating. what about overall, i like the guy, i don't like the guy? >> it's a huge factor. the president used to have a big advantage when it comes to likability, favorable ratings. take a look at our numbers from yesterday. 52% had a favorable rating of the president, mitt romney's not that far off at 49%. what about the wing man, joe biden 47%, paul ryan 46%. all kind of in the same range. >> how often do we poll about the wing man? i rarely see the actual numbers separated for the vice presidential candidate. >> they face off next week. more numbers on them. >> and just lastly, while we look at these polls and hear a lot of people arguing abou
-- >> specific. >> it is not a goal to end tax breaks for companies that move jobs overseas and incentivize them to come back and create a million jobs in manufacturingp. we've seen the greatest increase in manufacturing jobs in more than 20 years under this president. so we have a sense of what has to happen in order to bring those businesses back and create those jobs. those aren't goals. you know, reducing our dependence on foreign oil by increasing our domestic production incentivizing clean energy to create jobs and put people back to work, those aren't goals, those are plans to continue to move this economy forward. look, i also hope that mitt romney will take some of the time paul ryan didn't want to take in his interview this weekend and try to explain the arithmetic behind their budget. paul ryan said it would take too long to explain their budget plan. the problem isn't the time and explanation. it's the math that's involved to make the statements that mitt romney and paul ryan have said line up to being anything close to the truth. and i think that governor romney will likely whether
and if they have enough tax revenue which, of course, they don't have now because we have the lowest tax revenue since 1950, or at least it's been a long, long time, and there are things that the federal government can work with the states. give the states the power to use the money the way they want to. i agree to a certain degree the federal government needs to get out of the way, but as far as providing block grants, that what the federal government should do. >> congressman cantor. cantor: again, i would just say that, wayne, you just mischaracterized my statements once again. i said i am for block grants. i think that the state ought to have control. i'm not saying that washington shouldn't give the states the money. yes, states should have the money from washington, okay? transportation is a governmental function. and, yes, we all believe that i think in the jeffersonian tradition of a limited government. and that's what we're trying to get to. and so, you know, you mentioned the lowest tax revenue and you didn't say since when, but i will tell you there's a reason for that. the reason is
-span2. after that at noon eastern the urban institute on host a discussion on tax increases that are set to take place in january. the end of the bush income tax cuts the payroll tax holiday and hikes on investment income. speakers include douglas holtz-eakin. that will be live here on c-span2 starting again at 12 in eastern. >> a look now at campaign spending and political ads in the presidential election. from the annenberg public policy center at the university of pennsylvania, this is about 45 minutes. >> i am the editorial communications director at the center for responsive politics, and we are here to talk about the challenges posted journals by dark money and their mysterious donors. erika fowler is joining me on the panel. she is from the west the medium project achieves an assistant professor of government at western university. director of the media project which tracks and analyzes all political ads aired on broadcast television in real-time during elections. she specialized in political communication and she'll be talking about some of the ads we are seeing outside groups an
taxes to the middle class has been buried the last four years. >> dramatic admission today about the president's first term from vice president biden. which gave republicans some predebate ammunition. though he charged bush policies are to blame. >> by the time we were elected they had eight years doubled the national debt. debt clock. doubled it. in addition to that, they had the slowest job private job growth since world war ii under this policy. >> another key debate topic, healthcare. romney is defensive about his massachusetts plan. today, the obama camp charged the promise to repeal the president's law will knock millions off the insurance. republicans are circulating a secretly recorded video of a recent meeting among local government officials here in henderson where the president is doing debate prep. officials discuss how implementing the president's law will cost city employees an extra $40 a month. >> a challenge beyond belief. >> in exclusive interview with fox in nevada, senator marco rubio says the video shows the issue will blow up on the president. >> that's the
, but trails on virtually every other big issue, including medicare, taxes and foreign policy. keeping them honest, when it comes to some of those issues, both candidates have come up short either on specifics or credibility. issues like cutting taxes without ballooning the deficit or burdening the middle class. the romney campaign has been asked again and again for specifics. here's runningmate paul ryan just yesterday on fox news. >> there's been a traditional democrat and republican consensus lowering tax rates by broadening the tax base works. and you can -- >> i have to -- you haven't given me the math. >> well, i don't have -- it would take me too long to go through all of the math. >> chris wallace kept trying but came away empty-handed. he's not the only one. take a look. >> which of the deductions are you going to be willing to eliminate? which of the tax credits are you going to -- when are you going to be able to tell us that? >> we'll go through that process with congress. >> give me an example of a loophole that you will close. >> i can tell you that people at the high end, hig
directly affects our taxes, schools, roads, the quality of our air and water -- even our right to vote. politicians and lobbyists at the core of this clever enterprise figured out how to pull it off in an organized, camouflaged way, covering their tracks while they put one over on an unsuspecting public. this is the story of how and why it worked. our report was many months in the making. it's a collaboration between tom casciato and kathleen hughes, the filmmakers at okapi productions and the schumann media center that i head. schumann supports independent journalism and public watchdog groups like the nteror media a democracy, whose investigators have been tracking the footprints of alec, an organization hiding in plain sight, yet one of the most influential and powerful in american politics. ♪ ♪ ♪ >> i've often told people that i talk to out on the campaign trail when they say "state what?" when i say i'm running for the state legislature. i tell them that the decisions that are made here in the legislature are often more important for your everyday life than the decisions the
to not pay federal taxes part of the 47%. oh irony thy bitter pill. mitt romney is leading among the 47% he derided in ohio. really, what can he do? what can governor romney do at this point in the campaign to turn it around? can he be funny? should he get an earring? get his hair done? what could he possibly do to try to change his fortune? i want to know what the bill press listeners think. we're at 1-866-55-press. is there any way mitt romney can win this or is he really in the lead and as dick morris and sean hannity have said, all of the polls are lying and all of the polls are fraud because it is such a liberal media. so we want to know what you think. give us a buzz at 1-866-55-press. and let's have a listen, if we can to a very fascinating piece of audio. mitt romney's garbage man who i presume, isn't part of the 47% but he's a hard working american citizen. i would imagine he's union. i would hope he is. and they tracked down one of mitt romney's sanitation workers. let's give a listen to this audio.
. the third voice, hey, let's eliminate income tax, corporate tax. let's abolish the irs. let's replace all of that with a one federal consumption tax. i am embracing the fair tax, which think is really the answer to american jobs, in a 0 corporate tax rate environment. i say the private sector creates tens of millions of jobs. melissa: we know what you would bring to the table. can you handicap for us what you think the other two guys are going to do tomorrow night? who has got the strength? who has got the weakness? how will it come out? >> let me offer a prediction. either one of them get elected, we are going to find ourselves with a heightened police state. we're going to find ourselves in a state of continued military intervention that has resulted in hundreds of millions of enemies to this country that but for those military interventions would otherwise not exist. and that we find ourselves in a continued state of spending, and debt that are absolutely not sustainable. my prediction. melissa: we know that from polls that you trail both candidates by a pretty wide margin. there is an
entitlement that they didn't pay for. and then they added a $1 trillion tax cut for the very wealthy on top of that. now, they -- those are the facts. the end result of all that was by the time we were elected they had in eight years doubled the national debt, that clock, doubled it and in addition to that they had the slowest job, private job growth since world war ii under this policy. and by the time the president sat down behind that famous desk the resolute in noble office within a week of sitting down our economists told us mr. president you're going to have to deal with a $1 trillion debt this year because there's nothing you can do about it. the budget was passed back october. and so ladies and gentlemen so much for their credibility on the debt, but what did it produce for us? it produced the great recession all these things they did in doubling national debt and these massive tax cuts that absolutely eviscerated the middle class. they say we urgently want to deal with it now. basically i think my opponent says something like, you know, i don't know, he said something about he was
a tax break. we will think that at least some of these guys who give money are just too forward their beliefs. maybe that is starry eyed. at least in some cases, this is really not about consideration. that is not to say that their beliefs to outline of what material considerations. it is a little harder to tell this story of corruption. you can still tell the story of influence. the point of giving money to a candidate somewhere along the line is to change the way policy is made in this country. that will never go away. what do we do with the guys saying i like certain policies and i want to see more of that. >> there was an interview recently where it was said that there's a possibility of federal investigations. he was convinced it obama wins, they will pursue these. >> why not use the real one? >> the real one has already been flogged to death. >> having spent time -- sometimes the press gets it wrong in assuming that every -- anybody who gives money is a bad person. that is the assumption of the narrative. big bad money people who are out to buy the election. the reality is
Search Results 0 to 49 of about 169 (some duplicates have been removed)